This is how Miami-Dade plans to protect itself from climate change

The county is planning up to $20B in infrastructure and affordable housing projects over the next two decades

Miami /
Apr.April 24, 2019 01:30 PM

Miami-Dade County is embarking on infrastructure projects that could total $20 billion as part of a push to protect the region from climate change.

Miami-Dade Mayor Carlos Gimenez spoke to Bloomberg about the county’s plan for a $10 billion water and sewer project that is the largest public works project in the county’s history. It’s expected to take 15 to 20 years, he said. The county is also planning a multibillion-dollar investment in transportation that could reach $10 billion in the same amount of time.

In addition, the county is “looking much, much deeper into public-private partnerships” as a way to finance infrastructure improvements, Gimenez said, citing the roughly $1 billion PortMiami tunnel project as an example.

The Miami-Dade mayor added that he would welcome federal money for these projects, but that it can slow it down.

“It all depends on how long you have to wait,” he said. “Is it really worth the effort to try to get the federal money or do you want to get it done much faster? Can the private sector take the place of the federal government in a sense?”

The county is also plans to invest hundreds of millions of dollars into affordable housing over the next 10 years because “that’s also becoming an issue here in Miami-Dade,” Gimenez added.

Miami ranked as the most rent-burdened city in the U.S., according to a recent Freddie Mac report. The median renter in Miami spends 41 percent of pre-tax income on rent, the report found. [Bloomberg]Katherine Kallergis

 

Related Articles

arrow_forward_ios
Lennar Executive Chairman Stuart Miller (iStock)

“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results

“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
Rent-to-own startup Divvy Homes expands to South Florida

Rent-to-own startup Divvy Homes expands to South Florida

Rent-to-own startup Divvy Homes expands to South Florida
Ben Schachter, Sean Black and Mike Pappas (Signature, Getty, Keyes)

Knock expands home lending program into South Florida 

Knock expands home lending program into South Florida 
(Getty, iStock)

Climate concern driving down sales and prices along coastal Florida: report

Climate concern driving down sales and prices along coastal Florida: report
Miami-Dade Mayor Carlos Gimenez (Getty)

Pre-pandemic evictions resume in Miami-Dade

Pre-pandemic evictions resume in Miami-Dade
Tropical storm Eta brought floods to South Florida

Tropical Storm Eta floods South Florida: Photos

Tropical Storm Eta floods South Florida: Photos
Key Biscayne

Key Biscayne voters approve $100M bond tied to climate change

Key Biscayne voters approve $100M bond tied to climate change
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...